Starbucks to Raise Drink Prices
By an Average of 11 Cents a Cup

Starbucks Corp., the world's largest chain of coffee shops, said it will raise beverage prices 11 cents a cup on average, starting Oct. 6.

During recent months, the Seattle company told analysts and investors that it planned to boost prices above the average $2 to $2.50 a drink it charges, but declined to specify by how much or when. The increase, which analysts estimate at between 3% and 5%, will be the first by Starbucks since...